eFuture Holding announced its unaudited financial results for the fourth quarter and full year ended December 31, 2015.
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Q4 total revenue decreased 2% year-over-year to RMB129.0 million ($19.9 million). Gross profit decreased 6% year-over-year to RMB54.3 million ($8.4 million).
Adjusted EBITDA decreased 2% year-over-year to RMB27.1 million ($4.2million), compared to RMB27.6 million in the fourth quarter 2014.
Operating income decreased 5% year-over-year to RMB22.6 million ($3.5 million), compared to RMB23.8 million in the fourth quarter 2014.
Net income decreased 1% year-over-year to RMB18.5 million ($2.9 million), compared to RMB18.7 million in the fourth quarter 2014.
Adjusted net income remained level at 22.1 million ($3.4 million), compared to adjusted net income of RMB22.1 million in the fourth quarter 2014.
Basic and diluted earnings per share decreased 17% year-over-year to RMB3.60 ($0.56), as compared to RMB4.35 in the fourth quarter 2014.
Adjusted diluted earnings per share decreased 19% year-over-year to RMB4.17 ($0.66), as compared to adjusted diluted earnings per share of RMB5.12 in the fourth quarter 2014.
Full year 2015
Total revenue increased 1% year-over-year to RMB221.6 million ($34.2 million). Gross profit decreased 1% year-over-year to RMB92.1 million ($14.2 million).
Adjusted EBITDA increased 2% year-over-year to RMB20.0 million ($3.1 million). Operating income decreased 27% year-over-year to RMB7.8 million ($1.2 million). Net income decreased 55% year-over-year to RMB3.3 million ($0.5 million)
Adjusted net income decreased 5% year-over-year to RMB13.7 million ($2.1 million), as compared to adjusted net income of RMB14.5 million in 2014.
Basic earnings per share decreased 61% year-over-year to RMB0.69 ($0.11), as compared to basic earnings per share of RMB1.77 in 2014.
Diluted earnings per share decreased 60% year-over-year to RMB0.69 ($0.11), as compared to diluted earnings per share of RMB1.71 in 2014.
Adjusted diluted earnings per share decreased 16% year-over-year to RMB2.80 ($0.43), as compared to adjusted diluted earnings per share of RMB3.35 in 2014.
Backlog as of December 31, 2015 decreased 5% year-over-year to RMB138.7million ($24.1 million). ■